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UK: the moving average 55 supports Tesco positivity – Analysis – 20-10-2017
Tesco shares price was forced to repeat the sideways attempts recently by consolidating around 187.40 level due to lacking the bullish momentum, noting that the moving average 55 consolidation below the current price forms the main factor to confirm the bullish bias domination, to form solid support around 182.40 and increase the chances of resuming the bullish attack in the near term and medium term period.
Now, stochastic rally above 50 level will ease the attempt to gather the required momentum to start recording the main targets that start at 194.85 followed by 201.30 in the upcoming period.
Expected trading range for today is between 183.00 and 194.85
Expected trend for today: Bullish
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Natural Gas needs to confirm the break – Analysis – 20-10-2017
Natural gas price provided new negative trading yesterday by declining below the sideways range support at 2.880, but the quick rebound above this support allows us to continue with our neutrality for today, as we prefer to wait to get four hours' candlestick below the current support to confirm the preparation to build new bearish bias followed by starting to record the main negative targets that start at 2.750 followed by 2.500.
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